Posted on 09/11/24 05:08 am
What is Bonanza?
If you're searching for an ecommerce platform to build your online business and sell your goods in a convenient way, you’ve likely heard about the Bonanza marketplace. Although this platform is not huge, creating a Bonanza account gives sellers access to some of its unique features.
Why and when does it make sense to register for Bonanza, and how can you become a seller without providing a phone number? Let’s explore these questions today.
What is Bonanza?
Bonanza is an eBay-like marketplace and ecommerce platform that launched in 2008, created by a Seattle-based entrepreneur. The idea was to bring the experience of a local garage sale to the web. Since then, the platform has transformed into a full-fledged marketplace and continues to grow in popularity.
Bonanza offers a wide range of products, from antiques to electronics. Unlike platforms like eBay, Etsy, and Amazon, Bonanza focuses on selling unique items for collectors and enthusiasts. In essence, Bonanza’s offerings consist of items with history that are harder to find on other platforms. The platform’s slogan, “Everything but the ordinary,” perfectly reflects this focus.
On Bonanza, you can find:
Now that we understand what Bonanza offers buyers, let’s dive into what makes the platform beneficial for sellers.
What are the Benefits for a Seller to Register a Bonanza Account?
One major advantage of Bonanza, compared to platforms like eBay, is the 14-day free trial. This allows sellers to test the platform’s functionality without any cost. After the trial, the platform’s paid subscription starts at just $25 per month, making it much more affordable compared to giants like Shopify and BigCommerce.
Bonanza’s commission fees are also more affordable. The platform charges a 0.25% transaction fee plus a 3.5% final value fee. In contrast, Amazon charges sellers between 6% to 25%.
Another significant benefit of Bonanza is that sellers can create their own independent online store in addition to listing on the marketplace. While platforms like Amazon and eBay also offer store creation, those stores are part of the larger platform and are branded accordingly. On Bonanza, sellers can create a fully autonomous store.
Other benefits include:
How to Create a Bonanza Account and Start Selling?
Setting up as a seller on Bonanza is simple and involves just a few steps:
If you wish to maintain anonymity or your current phone number is already in use, you can purchase a one-time virtual number for verifying your identity on Bonanza as a seller. Alternatively, if you need to create multiple seller accounts, you can rent a virtual phone number for a period of up to 3 months.
How to Create a Bonanza Account Without a Phone Number?
These online-based phone numbers are more effective than regular cellular numbers since they cost less than $1 to receive an OTP, require no special devices or SIM cards, and are geographically independent. They are also easy to purchase and only require an email address for account registration. The best part is that platforms or applications registering with these virtual numbers cannot recognize them as generated.
By using virtual numbers, you can:
To purchase a single-use or multiple-use virtual phone number with SMSOTPVERIFY, follow these steps: